Bleakley Financial Group LLC Invests $241,000 in YETI Holdings, Inc. (NYSE:YETI)

Bleakley Financial Group LLC bought a new position in YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,652 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in YETI in the third quarter valued at $44,000. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of YETI by 67.0% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after purchasing an additional 300 shares in the last quarter. First Manhattan Co. bought a new stake in shares of YETI during the 4th quarter valued at about $50,000. State of Wyoming boosted its stake in shares of YETI by 37.2% during the 4th quarter. State of Wyoming now owns 1,255 shares of the company’s stock valued at $52,000 after purchasing an additional 340 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of YETI during the 2nd quarter valued at about $65,000.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on YETI. Stifel Nicolaus cut their target price on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Canaccord Genuity Group lowered shares of YETI from a “buy” rating to a “hold” rating and lifted their target price for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. Canaccord Genuity Group dropped their price objective on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. KeyCorp boosted their price objective on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, January 12th. Finally, Raymond James dropped their price objective on shares of YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, YETI presently has an average rating of “Hold” and an average target price of $48.29.

YETI Price Performance

Shares of NYSE:YETI opened at $37.52 on Tuesday. YETI Holdings, Inc. has a fifty-two week low of $34.70 and a fifty-two week high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. The firm has a fifty day moving average price of $39.60 and a 200 day moving average price of $43.03. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.48 and a beta of 2.29.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The firm had revenue of $519.79 million during the quarter, compared to the consensus estimate of $535.99 million. During the same quarter last year, the business posted $0.75 EPS. YETI’s revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that YETI Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

About YETI

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.